The founder of BitMEX biri Arthur Hayes said that after halving bitcoin and other digital currencies may face sell-offs. The expert predicts a fall in the market, which could be painful for investors.
However, Bitfinex analysts, on the contrary, believe that after the reduction of the narada of miners, a bullish trend will return to the market, and BTC may reach a new high.
Within 14 months after halving, the value of the digital currency will grow by 160%. That is, it could reach $150,000, the Bitfinex report noted.
Network activity is now at its lowest since late March, but it will increase in the coming days as the halving approaches. Its outcome will be a reduction in miners’ remuneration per block from 6.25 BTC to 3.125 BTC.
Thus, the rate of bitcoin mining will decrease by half. High demand will create conditions for the cryptocurrency’s value to increase. The bull cycle will peak in the second half of next year.
Periodically, a bearish trend will come to the market, but the BTC drawdown will be moderate.
Analysts recalled that after the 2012 halving, bitcoin soared 9300% in 13 months from $12 to $1161.
After the 2016 and 2020 halwings, the price increased by 2800% and 700% respectively in about the same amount of time.
If we apply such a model this time around, BTC could be at $150,000 by the fall of 2025.